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Pacific Gas Electric Co (75488) SEC Filing 8-K Material Event for the period ending Thursday, May 19, 2022

Pacific Gas Electric Co

CIK: 75488
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
 
FORM 8-K
 
 
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
 
 
Date of Report: May 19, 2022
(Date of earliest event reported)
 
 
 
Commission File Number
 
Exact Name of Registrant
as specified in its charter
 
State or Other Jurisdiction of Incorporation or Organization
 
IRS Employer Identification Number
001-12609 
 
PG&E Corporation 
 
California 
 
94-3234914 
001-02348 
 
Pacific Gas and Electric Company 
 
California 
 
94-0742640 
 
 
 
 
77 BEALE STREET 
 
77 BEALE STREET 
P.O. BOX 770000 
 
P.O. BOX 770000 
SAN FRANCISCO, California 94177
 
SAN FRANCISCO, California 94177
(Address of principal executive offices) (Zip Code)
 
(Address of principal executive offices) (Zip Code)
(415) 973-1000
 
(415) 973-7000
(Registrants telephone number, including area code)
 
(Registrants telephone number, including area code)
 
 
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange
on which registered
Common stock, no par value 
PCG 
The New York Stock Exchange 
Equity Units
PCGU
The New York Stock Exchange 
First preferred stock, cumulative, par value $25 per share, 5% series A redeemable 
PCG-PE 
NYSE American LLC 
First preferred stock, cumulative, par value $25 per share, 5% redeemable
PCG-PD 
NYSE American LLC 
First preferred stock, cumulative, par value $25 per share, 4.80% redeemable
PCG-PG
NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 4.50% redeemable
PCG-PH
NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 4.36% series A redeemable
PCG-PI
NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 6% nonredeemable
PCG-PA
NYSE American LLC 
First preferred stock, cumulative, par value $25 per share, 5.50% nonredeemable
PCG-PB
NYSE American LLC 
First preferred stock, cumulative, par value $25 per share, 5% nonredeemable
PCG-PC
NYSE American LLC 
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company
PG&E Corporation
 
Emerging growth company
Pacific Gas and Electric Company
 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
 
PG&E Corporation
Pacific Gas and Electric Company
 
 
 
Item 5.07 Submission of Matters to a Vote of Security Holders
 
On May 19, 2022, PG&E Corporation and its subsidiary Pacific Gas and Electric Company (the “Utility”) held their joint annual meeting of shareholders.
 
PG&E Corporation:
 
At the joint annual meeting, the shareholders of PG&E Corporation voted as indicated below on the following matters:
 
1.
Election of the following individuals to serve as directors until the next annual meeting of shareholders or until their successors are elected and qualified (included as Proposal 1 in the proxy statement):
 
 
For
Against
Abstain
Broker Non-
Vote(1)
Rajat Bahri
1,518,480,788
9,746,174
1,096,324
307,160,225
Jessica L. Denecour
1,496,346,766
31,931,531
1,044,989
307,160,225
Mark E. Ferguson, III
1,503,947,433
24,326,123
1,049,725
307,160,230
Robert C. Flexon
1,502,012,535
25,573,329
1,737,420
307,160,227
W. Craig Fugate
1,516,289,750
11,913,417
1,120,118
307,160,226
Patricia K. Poppe
1,521,688,450
6,747,247
887,588
307,160,226
Dean L. Seavers
1,516,123,953
12,092,070
1,107,262
307,160,226
William L. Smith
1,521,303,226
6,956,040
1,064,018
307,160,227
 
 
(1)
A broker non-vote occurs when shares held by a broker for a beneficial owner are not voted because (i) the broker did not receive voting instructions from the beneficial owner, and (ii) the broker lacked discretionary authority to vote the shares. Broker non-votes are counted when determining whether the necessary quorum of shareholders is present or represented at each annual meeting.
 
Each director nominee named above was elected a director of PG&E Corporation.
 
2.
Non-binding advisory vote to approve the company’s executive compensation (included as Proposal 2 in the proxy statement):
 
For:
   
1,718,264,465
 
Against:
   
53,821,530
 
Abstain:
   
1,292,306
 
Broker Non-Vote(1)
   
63,105,210
 

 
(1)
See footnote 1 above.
 
This proposal was approved.
 
3.
Ratification of the appointment of Deloitte & Touche LLP as independent registered public accounting firm for 2022 (included as Proposal 3 in the proxy statement):
 
For:
   
1,806,750,932
 
Against:
   
28,446,198
 
Abstain:
   
1,286,381
 
 
This proposal was approved.
 
4.
Approval of an amendment to PG&E Corporation Articles of Incorporation (included as Proposal 4 in the proxy statement):
 
For:
   
1,770,248,850
 
Against:
   
1,864,710
 
Abstain:
   
1,264,739
 
Broker Non-Vote(1)
   
63,105,212
 

 
(1)
See footnote 1 above.
 
This proposal was approved.
 
Pacific Gas and Electric Company:
 
At the joint annual meeting, the shareholders of the Utility voted as indicated below on the following matters:
 
1. 
Election of the following individuals to serve as directors until the next annual meeting of shareholders or until their successors are elected and qualified (included as Proposal 1 in the proxy statement):
 
         
 
For
Against
Abstain
Broker Non-
Vote(1)
Rajat Bahri
269,832,065
118,118
43,099
2,289,196
Jessica L. Denecour
269,836,091
113,875
43,317
2,289,195
Mark E. Ferguson, III
269,820,795
130,651
41,836
2,289,196
Robert C. Flexon
269,847,393
100,962
44,927
2,289,196
W. Craig Fugate
269,844,428
102,346
46,508
2,289,196
Patricia K. Poppe
269,835,028
109,816
48,439
2,289,195
Dean L. Seavers
269,832,494
112,226
48,563
2,289,195
William L. Smith
269,842,021
102,300
48,962
2,289,195

(1)
See footnote 1 above.
 
Each director nominee named above was elected a director of the Utility.
2.
Non-binding advisory vote to approve the company’s executive compensation (included as Proposal 2 in the proxy statement):
 
For:
   
269,704,114
 
Against:
   
221,765
 
Abstain:
   
67,402
 
Broker Non-Vote(1)
   
2,289,197
 

 
(1)
See footnote 1 above.
 
This proposal was approved.
 
3.
Ratification of the appointment of Deloitte & Touche LLP as independent registered public accounting firm for 2022 (included as Proposal 3 in the proxy statement):
 
For:
   
272,077,945
 
Against:
   
86,148
 
Abstain:
   
118,385
 
 
This proposal was approved.
 
SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized.
 
 
 
PG&E CORPORATION
 
 
 
 
 
 
 
 
 
Date: May 23, 2022
By:
 /s/ JOHN R. SIMON
 
 
 
Name: John R. Simon
 
 
 
Title: Executive Vice President, General Counsel and Chief Ethics & Compliance Officer
 
 
 
 
 
 
 
 
PACIFIC GAS AND ELECTRIC COMPANY
 
 
 
 
 
Date: May 23, 2022
By:
/s/ BRIAN M. WONG
 
 
 
Name: Brian M. Wong
 
 
 
Title: Vice President, General Counsel and Corporate Secretary
 
 
 
 
 
 
 
 
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Inside this 8-K Corporate News

CIK: 75488
Form Type: 8-K Corporate News
Accession Number: 0001308179-22-000327
Submitted to the SEC: Mon May 23 2022 4:05:32 PM EST
Accepted by the SEC: Mon May 23 2022
Period: Thursday, May 19, 2022
Industry: Electric And Other Services Combined
Events:
  1. Vote of Security Holders

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